So, I'm a relatively new mustachian, and I'm just now learning about how to be good with money and not be a consumer zombie.
So this year, I've started and fully funded my own Roth IRA at 5500 and have been maxing out my 401k at work. My plan is to FI in 10 years by rolling my 401k funds into a Roth after I leave my job, setting up the conversion ladder and such. However, I didn't realize that my wife can also do an IRA. Should she contribute another 5500 to a Roth this year, or should we both be going into a traditional to help offset some tax burden for us both, or is that even possible?
I've read the Mad FIentist's "Retire Even Earlier" posts and it seems like both of us contributing to a traditional IRA would allow me to deduct an additional 11000 a year, but is that really right? That seems kinda crazy, also, I'm worried that I run the risk of saving too much money in traditional tax advantaged accounts that it ends up costing me more in the future to roll them over into a Roth in the future!
Any help or advice would be appreciated, or facepunches too.
